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Automotive Keyless Entry Systems Market 2020 Size, Share, Industry Growth, Overview Analysis, Industry Trends, Growth Factors, Demands, Opportunities, Key Players Analysis, Forecast 2025
Automotive Keyless Entry Systems Market
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Market Synopsis
The growing regulatory policies focusing on automobile safety, rising vehicle sales in emerging economies and the convenience provided by keyless entry systems are the factors expected to fuel demand for automotive keyless entry systems over the forecast period. In addition, an increasing awareness of technologically advanced automotive safety systems in developed nations such as France, the US, Germany, Japan and emerging nations such as China and India is a business opportunity. In addition, rising demand for connected, autonomous, semi-autonomous cars and the integration of smartphones are expected to create growth opportunities in the global market during the forecast period. The market for keyless automotive entry systems is driven primarily by increased demand for vehicle safety and security features along with the introduction of advanced electronic vehicle entry system. An increase in the production of automobiles, demand for luxury vehicles and awareness of sophisticated features in vehicles are expected to add to the growth of the market.
In addition, the automotive vehicle manufacturers worked to build autonomous vehicles and other advanced technologies to deliver superior products. It is expected to create opportunities for Automotive Keyless Entry System market participants.
The price instability of semiconductor raw materials and other electronic components could, however, impede market growth during the forecast period.
Market Segmentation
The global market for keyless automotive entry systems is segmented by type of vehicle, channel of sales, type of product, and location. The market was segmented into passenger cars , light commercial vehicles (LCV), and heavy commercial vehicles (HCV), based on the size of vehicle. The industry has been segmented into OEM and Aftermarket depending on the distribution channel. The market was segmented by product type into PKE and RKE.
Regional Outlook
Geographically , the global market for keyless automotive entry systems has been segmented into four major regions : Europe , North America, Asia-Pacific and the rest of the world.
Due to the preference for luxury vehicles and the growing acceptance of vehicle safety systems across the world, the automotive keyless entry systems market in North America accounted for the largest share of the global automotive keyless entry system market. The US is expected to dominate North America 's market for keyless vehicle entry systems in 2018. It has seen an rise in demand for automotive keyless entry systems, with increased demand for luxury cars and the need for fast accessibility and vehicle handling.
Asia-Pacific is expected to show the highest growth rate in countries such as China , India and Japan due to increased demand for automotive safety systems. During the forecast period Asia-Pacific is expected to record the highest growth rate on the global market for keyless automotive entry systems. This region is the biggest manufacturer and buyer of new vehicles. The increase in disposable per capita income, knowledge of vehicle safety and convenience have played a key role in the growth of technologically advanced solutions, with one of them being the automotive keyless entry device. Additionally, the use of the keyless entry system would drive higher vehicle production in Asia-Pacific coupled with significant presence of OEMs. In addition , the presence of service and solution providers, such as Denso Corporation, Calsonic Kansei Corporation and Hyundai Mobis, which develop requirement-based automotive keyless entry systems, is expected to increase the adoption of automotive keyless entry systems.
Competitive Dashboard
The major players in the global automotive keyless entry systems market are Atmel Corporation (US), TRW Automotive Holdings Corporation (US), Hyundai Mobis (South Korea), Continental Automotive GmbH (Germany), Calsonic Kansei Corporation (Japan), Delphi Automotive (Ireland), Denso Corporation (Japan), ARCO Lock & Security ENTERN LLC (US), HELLA KGAA Hueck & Co. (Germany), and Robert Bosch GmbH (Germany).
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List Of Tables
Table 1 Global Automotive Keyless Entry Systems Market: By Region, 2019–2025
Table 2 North America: Automotive Keyless Entry Systems Market: By Country, 2019–2025
Table 3 Europe: Automotive Keyless Entry Systems Market: By Country, 2019–2025
Table 4 Asia-Pacific: Automotive Keyless Entry Systems Market: By Country, 2019–2025
Table 5 Row: Automotive Keyless Entry Systems Market: By Region, 2019–2025
Table 6 Global Automotive Keyless Entry Systems Market, By Vehicle Type, By Region, 2019–2025
Table 7 North America: Automotive Keyless Entry Systems Market, By Vehicle Type, By Country, 2019–2025
Table 8 Europe: Automotive Keyless Entry Systems Market, By Vehicle Type, By Country, 2019–2025
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